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Bradley County audit: overall finances strengthen, healthcare center flagged for concern
Summary
County Mayor D. Gary Davis told the audit committee the county's net position rose for fiscal 2025 and its fund balance exceeds policy; committee materials flagged a nearly 48% decline in net position at the Bradley Healthcare and Rehabilitation Center and recommended follow-up financial reports.
County Mayor D. Gary Davis told the Audit Committee that Bradley County’s net position increased by $11,397,000 for the fiscal year ending June 30, 2025, and that the county’s unassigned fund balance stood at about 25% (approximately $13.6 million), above the 15% minimum policy.
The presentation, made at a committee meeting recorded April 22, 2026, noted the county maintained long-term credit ratings (Moody’s: AA2; Standard & Poor’s: AA) and reduced long-term debt by roughly $7.7 million during the fiscal year. Mayor Davis said the finance office recorded 24,965 general‑ledger transactions, entered 1,288 invoices and issued more than 7,000…
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